Streisand Eric D 4
4 · BioFuel Energy Corp. · Filed Jun 21, 2007
Insider Transaction Report
Form 4
Streisand Eric D
V.P. - Corporate Development
Transactions
- Award
Option to Buy
2007-06-19+48,000→ 48,000 totalExercise: $10.50→ Common stock, par value $0.01 per share (48,000 underlying)
Footnotes (2)
- [F1]Stock options were granted to Mr. Streisand pursuant to the 2007 Equity Incentive Compensation Plan of BioFuel Energy Corp. (the "Company") and will vest with respect to 30%, 30% and 40% of the shares of common stock on each of the first three anniversaries of the grant date. In addition, Mr. Streisand holds 84,587 shares of Class B Common Stock, par value $0.01 per share, of the Company and 84,587 LLC membership units of BioFuel Energy, LLC which may be exchanged at any time for common stock of the Company on a one-for-one basis.
- [F2]Each option will expire upon the earlier of (i) the fifth anniversary of the date the option is granted and (ii) either (x) 90 days after the participant who is holding the option ceases to be a Director, officer or employee of the Company or one of its affiliates for any reason other than the participant's death or (y) six months after the date the participant who is holding the option ceases to be a Director, officer or employee of the Company or one of its affiliates by reason of the participant's death.